OAPEC Aims

The organization's objectives are summed up in these three main aims:

A) To carry out common projects that would achieve a diversified economic investment for the members. This, in turn, would lessen their dependency on petroleum as a sole source of income. And consequently, this would slow down the consumption of their petroleum and prolong the period of its investment for future generations.

B) To consider the legitimate rights of the consumer by making sure that petroleum reaches the market under just and reasonable conditions.

C) To develop and promote the international petroleum industry by means of providing suitable circumstances for capital and experience to be invested in the member countries. The text, in this general sense, is applied to both national and foreign capital and experience as long as it is invested in the petroleum industry of member states.

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Profile of Saudi Arabia

The Country Profile contains thousands of pages of information on every aspect of the Kingdom of Saudi Arabia, including its geography, history and development (political, economic and social).